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Source Filing
Executive Record
Michael F. Roman
Chairman of the Board
Reported Pay
$17.2M
Summary compensation table total · FY2024
Findings
Reviewing FY2024 compensation of $17.2M against +41% shareholder return and the latest filing-backed pay disclosures.
Reported pay changed +5%; spread versus stock performance is pending computation.
Evidence is sourced from the latest executive compensation filing and return series for MMM.
Team view
8 executives
Total PayFY2024
$21.2M
Chairman of the Board
Total PayFY2024
$17.2M
Former President and Chief Financial Officer
Total PayFY2024
$10.2M
Total PayFY2024
$9.9M
Group President Enterprise Supply Chain
Total PayFY2024
$7.2M
Total PayFY2024
$5.8M
Total PayFY2024
$5.8M
Total PayFY2024
$3.0M
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01FY2024 total compensation breakdown
$17.2M total compensation
Michael F. Roman earned $17.2M in FY2024 — here's how that breaks down.
$6.5M
38% of total
$6.5M
38% of total
$2.6M
15% of total
$1.2M
7% of total
$269.4K
2% of total
$154.7K
1% of total
Activity timeline · FY2024
Recent events from filings
Aug 1, 2024
Anurag Maheshwari Cash Bonus – 3M Company 2016 Long-Term Incentive Plan (2016 LTIP)
Aug 1, 2024
Anurag Maheshwari RSU
Aug 1, 2024
Anurag Maheshwari PSU
Jul 31, 2024
Monish Patolawala — Resignation/Departure | Announced intention to resign.; Will remain in current role through July 31, 2024 to ensure a smooth transition.; Company has initiated a CFO succession process.
Jul 26, 2024
Anurag Maheshwari — Offer Letter | Annual base salary of $1,050,000, prorated for 2024.; Target annual incentive compensation opportunity of $1,155,000, prorated for 2024.; Hiring bonus of $3,150,000, repayable if resignation or "Misconduct" occurs before the third anniversary of employment.; Make-Whole RSU Award: $4,500,000 divided by the closing stock price on grant date, vesting in three equal annual installments.; Pro Rata 2024 RSU Grant: $666,667 divided by the closing stock price on grant date, vesting on the third anniversary of the grant date.; Pro Rata 2024 PSA: Target value of $666,667 divided by the closing stock price on grant date, vesting on December 31, 2026.; Eligible for long-term incentive, retirement, and other benefit plans. Relocation benefits provided, subject to a repayment agreement for voluntary resignation/retirement within two years.; Will enter into a Protective Covenant Agreement including non-compete and non-solicitation clauses.
Mar 8, 2024
William M. Brown — Offer Letter | Annual base salary of $1,800,000, prorated for 2024.; Target annual incentive compensation opportunity of $3,150,000, prorated for 2024.; Hiring bonus of $3,000,000.; Special one-time inducement restricted stock unit grant valued at $2,500,000, vesting over three years.; Special one-time inducement 2024 performance share award with a target value of $2,500,000, vesting December 31, 2026.; Pro rata 2024 performance share award with a target value of $4,333,333, vesting December 31, 2026.; Pro rata 2024 stock option award with a target value of $4,333,333, vesting over three years.; Eligible to participate in the Company's Executive Severance Plan.
A pay-performance summary will appear here once the verdict loads above.
02Pay changes vs. stock performance
1 year of data
Peer context
03Recent insider trades by officers and directors
~40 trades
04Showing FY2024 data (latest available)
FY2026 does not include director compensation in our current dataset, so we're showing the latest board table we found.
We're loading the latest director compensation and board makeup.
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06For analysts and deep research
Historical compensation data from latest proxy filing
| Year | Executive | Salary | Bonus & Incentive | Stock Awards | Option Awards | Other Adj. | Total |
|---|---|---|---|---|---|---|---|
| 2024 | Michael F. Roman Chairman of the Board | $1.17M | $2.62M | $6.50M | $6.50M | $0.42M | $17.2M |
| 2023 | Michael F. Roman Chairman of the Board and Chief Executive Officer | $1.46M | $2.67M | $6.00M | $6.00M | $0.30M | $16.4M |
| 2022 | Michael F. Roman Chairman of the Board and Chief Executive Officer | $1.41M | $1.33M | $5.50M | $5.50M | $0.30M | $14.0M |
| 2021 | Michael F. Roman Chairman of the Board and Chief Executive Officer | $1.34M | $3.13M | $5.25M | $5.25M | $3.23M | $18.2M |
| 2020 | Michael F. Roman Chairman of the Board and Chief Executive Officer | $1.30M | $1.58M | $5.00M | $5.00M | $7.82M | $20.7M |
Salary = base cash pay. Bonus & Incentive combines annual bonus and non-equity plans. Equity amounts are grant-date fair values. Other Adj. captures pension changes, perquisites, and any reconciliation items so the total matches the reported figure.
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